Common use of Participants Have Right to Vote and Tender Company Stock Clause in Contracts

Participants Have Right to Vote and Tender Company Stock. Each Participant or Beneficiary shall be entitled to instruct the Trustee as to the voting or tendering of any full or partial shares of Company Stock held on his or her behalf in the Company Stock Fund. Prior to such voting or tendering of Company Stock, each Participant or Beneficiary shall receive a copy of the proxy solicitation or other material relating to such vote or tender decision and a form for the Participant or Beneficiary to complete which confidentially instructs the Trustee to vote or tender such shares in the manner indicated by the Participant or Beneficiary. Upon receipt of such instructions, the Trustee shall act with respect to such shares as instructed. With regard to shares for which the Trustee receives no voting or tendering instructions from Participants or Beneficiaries, the Administrator shall instruct the Trustee with respect to how to vote or tender such shares and the Trustee shall act with respect to such shares as instructed.

Appears in 2 contracts

Samples: New Nisource Inc, Riviana Foods Inc /De/

AutoNDA by SimpleDocs

Participants Have Right to Vote and Tender Company Stock. Each Participant or Beneficiary shall be entitled to instruct the Trustee as to the voting or tendering of any full or partial shares of Company Stock held on his or her behalf in the Company Stock Fund. Prior to such voting or tendering of 55 Company Stock, each Participant or Beneficiary shall receive a copy of the proxy solicitation or other material relating to such vote or tender decision and a form for the Participant or Beneficiary to complete which confidentially instructs the Trustee to vote or tender such shares in the manner indicated by the Participant or Beneficiary. Upon receipt of such instructions, the Trustee shall act with respect to such shares as instructed. With regard to shares for which the Trustee receives no voting or tendering instructions from Participants or Beneficiaries, the The Administrator shall instruct the Trustee with respect to how to vote or tender such any shares and the Trustee shall act with respect to such shares as instructedfor which instructions are not received from Participants or Beneficiaries.

Appears in 1 contract

Samples: La Gear Inc

Participants Have Right to Vote and Tender Company Stock. Each Participant or Beneficiary shall be entitled to instruct the Trustee as to the voting or tendering of any full or partial shares of Company Stock held on his or her behalf in the Company Stock Fund. Prior to such voting or tendering of Company Stock, each Participant or Beneficiary shall receive a copy of the proxy solicitation or other material relating to such vote or tender decision and a blank form for the Participant or Beneficiary to complete which confidentially instructs the Trustee to vote or tender such shares in the manner indicated by the Participant Participants or BeneficiaryBeneficiaries. Upon receipt of such instructions, the Trustee shall act with respect to such shares as instructed. With regard to shares for which the Trustee receives no voting or tendering instructions from Participants or Beneficiaries, the The Administrator shall instruct the Trustee with respect to how to vote or tender such any shares and the Trustee shall act with respect to such shares as instructedfor which instructions are not received from Participants or Beneficiaries.

Appears in 1 contract

Samples: Plan and Trust Agreement (Southdown Inc)

AutoNDA by SimpleDocs

Participants Have Right to Vote and Tender Company Stock. Each Participant or Beneficiary shall be entitled to instruct the Trustee as to the voting or tendering of any full or partial shares of Company Stock held on his or her behalf in the Company Stock Fund. Prior to such voting or tendering of Company Stock, each Participant or Beneficiary shall receive a copy of the proxy solicitation or other material relating to such vote or tender decision and a form for the Participant or Beneficiary to complete which confidentially instructs the Trustee to vote or tender such shares in the manner indicated by the Participant or Beneficiary. Upon receipt of such instructions, the Trustee shall act with respect to such shares as instructed. With regard to shares for which the Trustee receives no voting or tendering instructions from Participants or Beneficiaries, the The Administrator shall instruct the Trustee with respect to how to vote or tender such any shares and the Trustee shall act with respect to such shares as instructedfor which instructions are not received from Participants or Beneficiaries.

Appears in 1 contract

Samples: Nipsco Industries Inc

Time is Money Join Law Insider Premium to draft better contracts faster.